Norfolk Southern’s Fourth-Quarter Earnings Rise
Eastern freight railroad Norfolk Southern Corp. said Wednesday its fourth-quarter profit rose 6%, as record revenue from coal shipments offset declines in intermodal shipments.
January 24, 2007Daily Briefings from Transport Topics
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Canadian National Reports Higher 4Q Income, Boosts Dividend
Canadian freight railroad Canadian National Railway Co. reported its fourth-quarter net income rose 16% to C$499 million, with earnings-per-share rising to 95 cents.
January 24, 2007CSX Reports Improved Fourth-Quarter Income, Revenue
Eastern freight railroad CSX Corp. reported fourth-quarter earnings of $347 million or 75 cents a share, up from $237 million or 52 cents a year earlier.
January 23, 2007Union Pacific, Norfolk Southern Set Expanded Intermodal Service
Freight railroads Union Pacific Railroad and Norfolk Southern Railway said Tuesday that they will launch a new intermodal train service in February that will add rail capacity and expand intermodal rail service between Los Angeles and the Southeast.
January 23, 2007Technology Briefs — Jan. 17 - Jan. 22
Georgia Weigh Stations to Use PrePass • Purolator Selects Software System from Carrier Logistics • Iowa Plans Internet Kiosks at Rest Stops • President to Address Global Warming in Tuesday Speech
January 22, 2007Penske Logistics to Close Ohio Terminal in March
Penske Logistics plans to close a trucking terminal in Richfield, Ohio, and lay off 92 employees by the end of March, the Cleveland Plain Dealer reported Friday.
January 19, 2007Ceva Logistics Appoints John Pattullo CEO
Ceva Logistics said Thursday that it named John Pattullo chief executive officer of the company.
January 18, 2007Diesel Price Continues to Fall, Dropping 7.4 Cents to $2.463
The average national retail price of diesel fuel fell 7.4 cents to $2.463 a gallon, the Department of Energy reported Tuesday.
January 17, 2007Con-way, APL Logistics Expand Asian Port Service
Con-way Freight and APL Logistics said Wednesday they are adding four new Asian ports to the OceanGuaranteed less-than-container-load cargo service to the United States they started last summer.
January 17, 2007Mullen Group Income Fund Co-CEO Steps Down
Canadian transportation firm Mullen Group Income Fund’s co-chief executive officer, Pat Powell, tendered his resignation, the company said late Tuesday.
January 17, 2007